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GOP Candidates Debate Economy

HeadlineOct 12, 2011

Republican presidential candidates gathered in New Hampshire Tuesday night for a debate focused on the economy. Two of the front runners, former Massachusetts governor Mitt Romney and Texas Governor Rick Perry, touted their respective plans, with Romney citing his opposition to taxes on the wealthy and Perry stressing his support for domestic energy production.

Mitt Romney: “We can’t demand more from tax revenue from people, because that kills jobs and hurts working families. We have got to help the middle class in this country. The only way that will come together is if you have people on both sides of the aisle who will listen to a leader who has the experience of leading. And that’s what America is looking for and desperately longing for.”

Gov. Rick Perry: “As president, particularly with the plan that I’m going to be laying out over the next three days—and I’m not going to lay it out all for you tonight. You know, Mitt’s had six years to be working on a plan; I’ve been in this for about eight weeks. But clearly, we’re going to be focused on, initially, the energy industry in this country and making America again independent and clearly the place where domestic energy needs to be produced from.”

Former pizza executive Herman Cain, meanwhile, touted his plan for a nine percent flat tax rate.

Herman Cain: “9-9-9 will pass, and it is not the price of a pizza, because it has been well studied and well developed. It starts with, unlike your proposals, throwing out the current tax code. Continuing to pivot off the current tax code is not going to boost this economy. This is why we developed 9-9-9. Nine percent corporate business flat tax, nine percent personal income flat tax, and a nine percent national sales tax. And it will pass, Senator, because the American people want it to pass.”

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